AUD/JPY – 30M – BUY

Moreover a ‘Double top retreat up’ chart formation is found. The chart forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 96.19500 is likely expected.

Caution: A possible change in the direction of support at 95.86600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

96.19500 – 96.16200 – 95.87600 – 95.86600 – 95.74100 – 95.51600 — 38.056077117766 – 48.1800496391 — 5.1989103083994 – 16.366359113086 – 16.678797457386 – 12.388026636936

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double top retreat up – –